Market Cap
$211,241,118.07
Volume (24 H)
$49,660,993.74
ONE with marketcap of BTC
$29.3809
Harmony / U.S. Dollar Tweet Timeline of LASERBEAMBTC

ONE Sentiment Score of LASERBEAMBTC

Tweets

About Harmony

What Is Harmony (ONE)?

Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.

According to the project’s website, Harmony is expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.

Who Are the Founders of Harmony?

Stephen Tse is the founder and CEO of Harmony. He has a Ph.D. from the University of Pennsylvania, specializing in cryptographic protocols and type theory.

While finishing his degree, Dr. Tse became a research intern at Microsoft. In 2006 he started working as a senior engineer at Google, spending four years in the company. In 2011 he founded Spotsetter, a successful search engine which Apple later acquired. In 2014, Dr. Tse became the principal engineer for Apple.

He founded Harmony in 2017. The Harmony founding team comprises twelve people, with seven of them being former employees at Google, Apple, Microsoft, and Amazon.

What Makes Harmony Unique?

Focusing on processing speed and validation, the Harmony mainnet aims to revolutionize block creation. By introducing the sharding process, the company reduced node validation times significantly.

To ensure the protection of nodes and secure the validation process, Harmony introduced the Verifiable Random Function (VRF) for unbiased and unpredictable shard membership. This means that nodes and validators are assigned and re-assigned in a randomized manner.

The project’s Harmony Grants program is an initiative that aims to support innovation and attract developers to the Harmony mainnet.

Related Pages:

Read more about Plasma Finance.

Find out more about Loopring.

Learn more about DApps.

Have a look at the CoinMarketCap blog.

How Many Harmony (ONE) Coins Are There in Circulation?

Harmony (ONE) has a maximum supply of 12,600,000,000 tokens. As of February 2021, the circulating supply on the market is about 9,486,327,268 ONE.

Out of the total supply of ONE tokens, 22.4% were dedicated to the initial seed sale. Another 12.5% were set aside for an additional Launchpad sale. The Harmony founding team and developers received 16.9% of the total supply. About 26.4% of ONE tokens were dedicated to protocol development, while another 21.8% were directed towards ecosystem development.

How Is the Harmony Network Secured?

Harmony introduces a new version of the proof-of-stake (PoS) consensus. Called effective proof-of-stake (EPoS), this method allows simultaneous staking from hundreds of validators. This consensus method was developed in accordance with the sharding concept utilized in the Harmony network.

Unlike proof-of-work (PoW) consensus mechanisms, EPoS is designed for faster processing times and improved scalability. While PoW requires a lot of electrical and computing power, staking consensus methods rely on an abundance of value holders, who become validators.

Harmony is also looking to boost staking incentives to attract more node operators. The Harmony Open Staking initiative encourages interaction with the network and incentivizes stakeholders with the highest amount of ONE tokens.

Where Can You Buy Harmony (ONE)?

Harmony (ONE) tokens can be purchased on most big exchanges, such as:

Binance MXC.COM Huobi Global

Read more about buying crypto.

Latest News On Harmony

Hackers swipe $100 million in cryptocurrency from blockchain bridge Harmony - CBS News

Hackers swipe $100 million in cryptocurrency from blockchain bridge Harmony CBS NewsHarmony Hackers Begin Laundering Ethereum Stolen From Horizon Bridge Decrypt$100 million worth of crypto has been stolen in another major hack CNBCU.S. crypto firm Harmony hit by $100 million heist Reuters.comCrypto thieves steal $100M in digital coins from US firm Harmony FOX 29 PhiladelphiaView Full Coverage on Google News

Fri, 24 Jun 2022 16:19:00 GMT

Today in Crypto: While Down, NFTs Hold Value in Christie’s Auction; US Gov’t May Delay Crypto Data Collection; N. Korean Hackers Suspected in $100M Harmony Blockchain Hack - PYMNTS.com

Today in Crypto: While Down, NFTs Hold Value in Christie’s Auction; US Gov’t May Delay Crypto Data Collection; N. Korean Hackers Suspected in $100M Harmony Blockchain Hack PYMNTS.com

Wed, 29 Jun 2022 23:10:34 GMT

Cyber Week in Review: June 30, 2022 - Council on Foreign Relations

Cyber Week in Review: June 30, 2022 Council on Foreign Relations

Thu, 30 Jun 2022 16:20:57 GMT

NFT Platform OpenSea Joins Long List of Crypto Data Breach Victims - Decrypt

NFT Platform OpenSea Joins Long List of Crypto Data Breach Victims Decrypt

Thu, 30 Jun 2022 09:10:56 GMT

Cross-chain Bridge Thefts Top $1B in 2022 - Blockworks

Cross-chain Bridge Thefts Top $1B in 2022 Blockworks

Wed, 29 Jun 2022 13:00:15 GMT

Crypto.com Removes Dogecoin, Shiba Inu, Others From Earn Program - Decrypt

Crypto.com Removes Dogecoin, Shiba Inu, Others From Earn Program Decrypt

Tue, 28 Jun 2022 03:43:27 GMT

North Korean Lazarus hackers linked to $100M Harmony bridge theft - Yahoo Finance UK

North Korean Lazarus hackers linked to $100M Harmony bridge theft Yahoo Finance UK

Thu, 30 Jun 2022 13:56:28 GMT

Lido Community Signals Intent to Keep Ethereum Staking Uncapped - Decrypt

Lido Community Signals Intent to Keep Ethereum Staking Uncapped Decrypt

Wed, 29 Jun 2022 12:28:01 GMT

One Of These Cryptocurrencies Has a 100X Potential This Year: Stellar (XLM), Parody Coin (PARO), and Harmony - Bitcoinist

One Of These Cryptocurrencies Has a 100X Potential This Year: Stellar (XLM), Parody Coin (PARO), and Harmony Bitcoinist

Sat, 25 Jun 2022 18:22:19 GMT

3 CRYPTOCURRENCIES THAT WILL RULE THE CRYPTO INDUSTRY IN THE NEXT 5 YEARS - Analytics Insight

3 CRYPTOCURRENCIES THAT WILL RULE THE CRYPTO INDUSTRY IN THE NEXT 5 YEARS Analytics Insight

Tue, 28 Jun 2022 13:23:53 GMT
19.2%
Average Weekly ROI
28.0%
Average Monthly ROI